If this is your first visit, be sure to
check out the FAQ by clicking the
link above. You may have to register
before you can post: click the register link above to proceed. To start viewing messages,
select the forum that you want to visit from the selection below.

(Reuters) - President Barack Obama, facing waning confidence among Americans in his economic stewardship, plans some $300 billion in tax cuts and government spending as part of a job-creating package, U.S. media reported on Tuesday.

The price tag of the proposed package, to be announced by Obama in a nationally televised speech to Congress on Thursday, would be offset by other cuts that the president would outline, CNN reported, citing Democratic sources.

Bloomberg News said the plan would inject more than $300 billion into the economy next year through tax cuts, spending on infrastructure, and aid to state and local governments.

Obama would offset those short-term costs by calling on Congress to raise tax revenues in a deficit-cutting proposal he will lay out next week, the news agency reported, without citing sources.

The White House declined to comment on the reports.

Obama's aides have refused to go public with the estimated cost of Obama's package or provide many specifics in advance, except to say that the proposals will have a "quick and positive" impact on boosting jobs at a time of stubbornly high U.S. unemployment.

Tax increases are DOA along with increased spending (oops I meant investments) The Magic Negro pissed away billions under QE2 which was a complete boondoggle. Don''t think House Repubs are going down that road again.

Tax increases are DOA along with increased spending (oops I meant investments) The Magic Negro pissed away billions under QE2 which was a complete boondoggle. Don''t think House Repubs are going down that road again.

Then standby for the most every Black and all of the Union Half Wits in America Picketing the Congress....

Because these huge government stimulus projects have been sooooooooooooooooooooooooooooooo effective so far. Remember that definition of insanity, trying the same thing over and over again and expecting different results. Bush should have said no to the first one, and no one should have suggested it to Obama.

Romans 6:18 You have been set free from sin and have become slaves to righteousness.

Differences between Obama and God: God's plan to save us is actually written down for people to read. Rush Limbaugh.

"Should I keep back my opinions at such a time, through fear of giving offense, I should consider myself as guilty of treason towards my country, and of an act of disloyalty toward the Majesty of Heaven, which I revere above all earthly kings..." Patrick Henry